Social/Politics
Croitoru: Central Bank May Buy Gold From Rosia Montana Within Limits
The National Bank of Romania may buy gold extracted from Rosia Montana provided that the gold share in the country’s international reserve stays between 10% and 20%, central bank representat...
Forests Cover Less Than 30% Of Romania
The forest area in Romania stands at about 6.6 million hectares, covering 27% of the country. This puts it on the 13th place in Europe by volume and 26th as percentage of land area, accordin...
Romania Consumer Protection Authority’s Cases Against Banks Could Turn Into Class Actions
The Romanian authority for consumers’ protection, or ANPC, will try to turn a series of court cases against local banks regarding abusive loan clauses into class action lawsuits, ANPC presid...
RMGC Head: Romania May Produce More Gold Than Entire Europe
Romania will extract more gold than all European countries taken together if the gold mining project in Rosia Montana (W) is pushed on with, Dragos Tanase, the general manger of the Rosia Mo...
RMGC Invested $30M In Rosia Montana’s Patrimony
Rosia Montana Gold Corporation (RMGC) has so far invested $30 million in the national patrimony in Rosia Montana and will allot extra $70 million for patrimony research in the area, RMGC gen...
Romania Had 5.1 Million Employees And 5.6 Million Work Contracts In September
Romania registered 5,131,022 employees at the end of September 2013 and over 5.6 million ongoing individual work contracts, labor inspection authorities said Thursday.
EU To Complete Antitrust Probe On Hidroelectrica’s Contracts With Alro And Mittal This Year
The European Commission will complete this year its investigation regarding the contracts between hydropower producer Hidroelectrica and two of its largest clients, Alro Slatina and ArcelorM...
Romania To Get Remittances Of $3.6B This Year – World Bank
Romania will receive $3.6 billion in remittances from Romanians working abroad, similar to last year’s estimate and much lower than the remittance flows received before the crisis, according...
Romania’s EU Fund Absorption Rate Up 1.88% On The Month In September
Romania’s absorption rate for EU structural and cohesion funds reached 23.77% in September, from 21.89% in August, translating into a 1.88% month-to-month growth, the European Funds Ministry...